Pinnacle Foods buying Wish-Bone for $580M

PARSIPPANY, N.J. • Pinnacle Foods is buying Wish-Bone salad dressings from Unilever for $580 million. Combined annual sales, which include the liquid and dry-mix salad dressings under the Wish-Bone and Western brands, total about $190 million. “The transaction enhances our ability to offer consumers meal solutions and recipe ideas across our broad portfolio of brands,” Pinnacle Foods CEO Bob Gamgort said in a statement on Monday. Pinnacle Foods Inc., based in Parsippany, N.J., went public in Mar...

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